$VLTO

Veralto Corp

CIK:0001967680|SEC Filings

Consolidated Condensed Statements of Earnings - USD ($) shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jul. 03, 2026	Jul. 04, 2025	Jul. 03, 2026	Jul. 04, 2025
Income Statement [Abstract]
Sales	$ 1,474	$ 1,371	$ 2,896	$ 2,703
Cost of sales	(572)	(549)	(1,140)	(1,076)
Gross profit	902	822	1,756	1,627
Operating costs:
Selling, general and administrative expenses	(514)	(442)	(962)	(861)
Research and development expenses	(73)	(67)	(141)	(131)
Operating profit	315	313	653	635
Nonoperating income (expense):
Other income (expense), net	1	0	8	(6)
Interest expense, net	(27)	(28)	(51)	(55)
Earnings before income taxes	289	285	610	574
Income taxes	(48)	(63)	(115)	(127)
Net earnings	$ 241	$ 222	$ 495	$ 447
Net earnings per common share:
Basic (in usd per share)	$ 0.98	$ 0.89	$ 2.01	$ 1.80
Diluted (in usd per share)	$ 0.98	$ 0.89	$ 2.00	$ 1.79
Average common stock and common equivalent shares outstanding:
Basic (in shares)	245.2	248.2	246.4	248.0
Diluted (in shares)	245.8	249.9	247.5	250.0

Consolidated Condensed Statements of Cash Flows - USD ($) $ in Millions	6 Months Ended
	Jul. 03, 2026	Jul. 04, 2025
Cash flows from operating activities:
Net earnings	$ 495	$ 447
Noncash items:
Depreciation	23	20
Amortization of intangible assets	30	18
Stock-based compensation expense	40	40
Loss on product line dispositions	0	6
Gain from the step acquisition of previously held minority interest	(7)	0
Change in trade accounts receivable, net	(10)	(30)
Change in inventories	(20)	(27)
Change in trade accounts payable	4	1
Change in prepaid expenses and other assets	(40)	(25)
Change in accrued expenses and other liabilities	7	46
Net cash provided by operating activities	522	496
Cash flows from investing activities:
Cash paid for acquisitions, net of cash acquired	(620)	0
Payments for additions to property, plant and equipment	(24)	(31)
All other investing activities	(1)	(20)
Net cash used in investing activities	(645)	(51)
Cash flows from financing activities:
Payment of dividends	(64)	(54)
Proceeds from the issuance of common stock in connection with stock-based compensation	5	13
Payments for repurchase of common stock	(434)	0
Net proceeds from borrowings (maturities longer than 90 days)	719	0
Net cash provided by (used in) financing activities	226	(41)
Effect of exchange rate changes on cash and cash equivalents	(15)	54
Net change in cash and cash equivalents	88	458
Beginning balance of cash and cash equivalents	2,031	1,101
Ending balance of cash and cash equivalents	2,119	1,559
Supplemental disclosures:
Cash interest payments	57	57
Cash income tax payments	$ 91	$ 56

Consolidated Condensed Balance Sheets - USD ($) $ in Millions	Jul. 03, 2026	Dec. 31, 2025
Current assets:
Cash and cash equivalents	$ 2,119	$ 2,031
Trade accounts receivable, less allowance for credit losses of $35 and $36, respectively	921	897
Inventories:
Finished goods	144	130
Work in process	49	45
Raw materials	143	132
Total inventories	336	307
Prepaid expenses and other current assets	276	197
Total current assets	3,652	3,432
Property, plant and equipment, net of accumulated depreciation of $541 and $526, respectively	298	294
Other long-term assets	613	605
Goodwill	3,167	2,838
Other intangible assets, net	828	524
Total assets	8,558	7,693
Current liabilities:
Current portion of long-term debt	700	700
Trade accounts payable	425	416
Accrued expenses and other liabilities	932	940
Total current liabilities	2,057	2,056
Other long-term liabilities	724	558
Long-term debt	2,679	1,973
Stockholders' Equity:
Preferred stock - $0.01 par value as of July 3, 2026 and December 31, 2025, 15 million shares authorized as of both dates; and 0 shares issued and outstanding as of both dates	0	0
Common stock - $0.01 par value, 1.0 billion shares authorized, 249.3 million issued and 244.2 million outstanding as of July 3, 2026; $248.4 million issued and outstanding as of December 31, 2025	2	2
Additional paid-in capital	2,318	2,272
Treasury stock	(438)	0
Retained earnings	2,175	1,744
Accumulated other comprehensive loss	(960)	(913)
Total Veralto stockholders' equity	3,097	3,105
Noncontrolling interests	1	1
Total stockholders' equity	3,098	3,106
Total liabilities and stockholders' equity	$ 8,558	$ 7,693